Firm Profile > Djingov, Gouginski, Kyutchukov & Velichkov > Sofia, Bulgaria

Djingov, Gouginski, Kyutchukov & Velichkov
10 TSAR OSVOBODITEL BLVD.
1000 SOFIA
Bulgaria

Banking, finance and capital markets Tier 1

Djingov, Gouginski, Kyutchukov & Velichkov’s ‘knowledgeable and proactive’ banking and finance practice advises on the full spectrum of matters in the space, including syndicated financing, project and acquisition financing, issuances and, a relative rarity for the Bulgarian market, initial public offerings, which are a particular focus of practice co-head Georgi TzvetkovNikolai Gouginski is experienced in real estate financing for foreign and domestic lenders, and Vessela Stancheva-Mincheva has assisted clients including Western Union and MasterCard with compliance and regulation within the country. The firm counts CitiBank, Deutsche Bank and the EBRD among its clients.

Practice head(s):

Vessela Stancheva-Mincheva; Nikolai Gouginski; Georgi Tzvetkov

Testimonials

‘One of the leading practices in Bulgaria.’

Key clients

ACIBADEM CITY CLINIC EAD (former TOKUSHUKAI SOFIA EOOD)

Alpha Bank A.E.

ALVOGEN EMERGING MARKETS HOLDINGS LIMITED

Amylum Bulgaria EAD

AP Investments AD

ARAB BANK (SWITZERLAND) LTD

Barclays Capital

Blantyre Capital Limited

BNP Paribas Factor

Bohemian Financing Zrt (BoFi )

Bridge Capital

British Arab Commercial Bank (BACB)

BTC (Black Toro Capital Group)

BULGARIAN REAL ESTATE FUND Inc.

Burgan Bank A.Ş.

Caterpillar Financial Services GmbH

China Eximbank

The Export Import Bank of China (CEXIM)

Citadel Securities Europe Limited (CSEL)

Citibank

DEG Invest

Deutsche Bank AG

DSK Bank PLC

DVB Bank SE

ELEVEN FUND COOPERATIEF U.A.

EMP Invest Bulgaria AD (Empower Capital Fund)

Equinix

ETEM BULGARIA EAD

Euroclear SA/NV Brussels

European Bank for Reconstruction and Development (EBRD)

Forex Capital Markets Limited

GetBack Recovery S.R.L.

Goldman Sachs

Gradus – 1 OOD

GTC

Intersel Bulgaria EOOD

INVESTFORCE EAD

JP Morgan Europe Limited

Karsch Venture Capital

Landmark Holding AD

LAUNCHub Fund Cooperatief U.A.

MasterCard Europe SA

Mechel Carbon AG

Mechel International Holdings GmbH

Nuntius Brokerage and Investment Services S.A. – Bulgaria Branch

OTP Bank Ltd.

P&S Group

PPF a.s.

Raiffeisen Bank International AG

REGIONAL URBAN DEVELOPMENT FUND AD (RUDF)

The Black Sea Trade and Development Bank (BSTDB)

The World Bank

TRG Management LP

UniCredit Bank Austria AG

V2 Investment S.à r.l.

Visa Europe Limited

Western Union Financial Services International

Commercial, corporate and M&A Tier 1

The corporate, commercial and M&A practice at Djingov, Gouginski, Kyutchukov & Velichkov is the largest in the Bulgarian market. Led by Violetta Kunze and Zdravka Ugrinova (‘one of the best, most reliable lawyers in the region’), the team advised on 34 M&A transactions in 2019, including cross-border deals in highly regulated sectors. Alongside White & Case LLP, the firm performed due diligence and drafted transaction documents for P.P.F.’s acquisition of Telenor’s assets in the CEE region, and were lead counsel for Auto Kelly’s acquisition of a stake in a local distributor of auto parts. The firm’s corporate practice is also experienced in share buybacks, restructurings and regulations concerning public procurement. Valentin Bojilov is another name to note.

Practice head(s):

Zdravka Ugrinova; Violetta Kunze

Testimonials

‘The team is deep, knowledgeable, very thorough, well organized and very client focused.’

‘DGKV’s team is confident, professional and dedicated. It’s a pleasure to work with them.’

‘Solid work in safe hands. We had a follow-up matter on a previous transaction. It was a no-brainer to contact DGKV.’

Key clients

P.P.F. a.s.

CITI Bank

Hitachi Solutions Co. Ltd.

Hilti Italia S.p.A.

Nokia Corporation

ERG Insaat Ticaret ve Sanayi AS

Sony Europe Limited

Hanon Systems

Eleven Fund Cooperatief U.A.

Gradus AD

DOHLE Trading Group Holding LLC & Co. LP

Thunder Software Technology Co., Ltd.

Auto Kelly a.s.

Hamilton Data Services

SSM Partners

QuickBase, Inc.

Mitsuba Teklas Turkey Otomotiv A.S.

J.S. Hamilton Poland S.A.

Lemi Trafo EAD

Yazaki Europe Limited

CEE Equity Partners

Kharis Capital Advisory

Dispute resolution Tier 1

Djingov, Gouginski, Kyutchukov & Velichkov  has one of the largest dispute resolution teams in the Bulgarian market, composed of a core of specialist litigators. The firm handles mandates in many types of commercial litigation, including local and international arbitration proceedings, and those arising from insolvency, intellectual property, tax, and industry-specific disputes. In 2019, the firm acted for clients in the financial services, retail, aviation and energy sectors, including acting for Gazprom in a €110m cross-border dispute against the Bulgarian Overgas group of companies. Angel Ganev, practice head, also regularly acts as an arbitrator in the ICC Court of Arbitration and is highly rated by clients.

Practice head(s):

Angel Ganev

Testimonials

‘DGKV has established an excellent standard in this field; they are responsive and provide superb legal advice.’

‘The quality of the lawyers in the team is reliably good.’

‘Strong team. Easy to work with and responsive.’

Key clients

Gazprom Export

BMW AG

Facebook Inc.

Huawei Technologies Bulgaria

Turkish Airlines

Financial Supervision Commission

Swiss Latam AG

TD Bank Group

Walltopia Ltd.

Trade Center Sliven

ABB Bulgaria EOOD

ACIBADEM CITY CLINIC EAD

AES-3C MARITZA EAST I EOOD

Andres Schneider Rechtsanwaelte

Aresgas AD (former Rila Gaz EAD)

ARGE CDM/Fichtner/C&E

A.T. Kearney

Audatex-Magyarorszag Ltd.

Avia International

Bawag Bank

BCUBE spa

Brееze Properties

C3/CustomerContactChannels, Inc

Cargill Bulgaria EOOD

CarVal Investors

CEZ Elektro Bulgaria AD

CEZ Razpredelenie Bulgaria AD

Claes-goran Fridh

ContourGlobal Maritsa East AD

Deca Trade

Deroni OOD

DHOLLANDIA Bulgaria EOOD

Domain Menada Distribution ЕООD

ECCIP Holding B.V.

Eurobank Cyprus Ltd (former Eurobank EFG Cyprus Ltd.)

Eurotronics EOOD

Fabrika za mlechni produkti AD

FAMILY HOME CONCEPT SRL

Flying Carpet Ltd.

Froneri Bulgaria EOOD

Galeya OOD

GHELARDI & ASSOCIATI

Global Resource Ltd

Glorient Investment Bulgaria

Golden Leaf Tobacco Company Inc.

Haos Invest EAD

HETA Luftfahrzeuge Leasing GmbH

Honeywell EOOD

Investint SA

Ital Food Industry

ITS

Karanovic & Nikolic

Kenneth Dante Murena

MAN Diesel & Turbo

Marie Brizard Wine & Spirits Distribution Bulgaria EOOD

Mechel Carbon AG

Mechel International Holdings GmbH

Medilab OOD

Menada Vineyards EOOD

Metro Cash and Carry Bulgaria

Mundipharma GmbH

Nantong Yimian Textile Co. Ltd

NEPI Investment Management SRL

Oman Investment Fund

Philipex Trading Ltd

PUNTO FA, S.L. (MANGO)

Q Vent

Queensland Nickel Pty Ltd

Red Bull GmbH

Rheinland Elektro Maschinen Group d.o.o.

Risoil BV

Sakar Vineyards EOOD

Saipem S.p.A.

Sandvik Mining and Construction Materials Handling GmbH & Co KG

SAP

SC DEUTEK SA

SEEDS OIL GRAIN Ltd

Shanghai Chaori International Trading Co. Ltd

State General Reserve Fund of Oman

Sirio G and V OOD

Solarpro

Sumitomo Electric Bordnetze GmbH

Telenor

TeleTech

Tengelmann Warenhandelsgesellschaft KG

Toto Costruzioni Generali S.p.a.

TRANE CR spol.sr.o

UNIECO

V2 Investment S.à r.l.

V i K Steneto EOOD

VIP Security Solutions EOOD

Viridian Offices OOD

Visteon Electronics Bulgaria EOOD

Vodosnabdyavane i kanalizatsiya Dobrich AD

Wilmington Trust

Energy and natural resources Tier 1

Djingov, Gouginski, Kyutchukov & Velichkov’s key strengths lie in the corporate and commercial aspects of energy work, advising on contractual disputes, SPAs, M&A and regulatory matters. The firm has acted for a number of clients in disputes with the nationalised energy companies and regulatory bodies, including ContourGlobal Maritza East III, a coal-fired power plant operator, and Mechel International Holdings GmbH, a global mining company. Milan Pandev, an expert in the regional oil and gas markets leads the team, alongside senior partner Georgi Gouginski. The team provides ongoing consultancy to major market players, including Lukoil and Axpo Trading. Counsel Anton Krustev and senior associate Nikola Minchev are other names to note.

Practice head(s):

Milan Pandev; Georgi Gouginski

Testimonials

‘DGKV provides highly professional services from experienced lawyers. They have the expertise and the motivation to achieve the highest quality of work.’

Key clients

Aresgas AD (former Rila Gaz EAD)

Axpo Trading AG

CEZ Elektro Bulgaria AD

CEZ Razpredelenie Bulgaria AD

Chevron Munaigas Inc.

Citibank

ContourGlobal Maritsa East 3 AD

EDF-Electricite de France S.A.

Emerson

European Commission

Ezpada s.r.o.

Gazprom Marketing & Trading Limited

Gazprom Export

GE Renewable Energy – Hydro

LUKOIL Europe Holding B.V.

Mechel International Holdings GmbH

Mercuria Energy Europe Trading Ltd

MET International AG

NEPI Investment Management SRL

OMV Trading GmbH

PAPIR SERVIS FHB DOO

RenAlfa AD

SBB ENERGY S.A.

Shanghai Chaori International Trading Co. Ltd

Shanghai Sensheng Assets Management Centre

Stromunion AG

Vodosnabdyavane i kanalizatsiya Dobrich AD

Water & Sewerage Company Steneto EOOD 2

Vitol S.A.

Water & Sewerage Company Dobrich AD

EU and competition Tier 1

The EU and competition practice at Djingov, Gouginski, Kyutchukov & Velichkov acts for clients in antitrust cases, investigations into horizontal and vertical agreements, abuse of dominance proceedings, collusive and cartel activities, and state aid compliance for non-EU importers. Major clients consult the firm on an ongoing basis to ensure compliance in highly regulated sectors, including Visa, Froneri, Merck, and British American Tobacco. Drawing on the experience of its corporate and commercial team, the practice also advises on merger clearance before the Bulgarian CPC and the ECC. Violetta Kunze, who also heads the firm’s TMT practice and jointly heads the corporate and commercial practice, leads the team alongside Nikolai Gouginski, who ‘delivers perfect advice on complex issues'. Vladislav Antonov and Dessislava Iordanova and senior associate Anton Petrov are other names to note.

Practice head(s):

Nikolai Gouginski; Violetta Kunze

Testimonials

‘DGKV is distinguished by its experience, professionalism, and forward-looking vision.’

‘One of the best firms in Bulgaria, if not the best! They have in-depth knowledge of national and EU competition rules, they are always on top of new developments, they’re very responsive, and they answer complex questions quickly.’

‘They are my go-to firm for antitrust in Bulgaria. Responsive, nice to work with, pragmatic.’

Key clients

Abbott Mead Vickers BBDO Limited

AbbVie EOOD

ArcelorMittal Limited

Aspen Pharmacare Holdings Limited

Astellas

ASTELLAS PHARMA EOOD

Aurubis Bulgaria AD

Auto Kelly a.s.

Beiersdorf AG

Bella Bulgaria AD

Bespokebrands Ltd.

Bio Fresh OOD

BMW Group

British American Tobacco Trading EOOD ( BAT)

Bunge Romania S.R.L

Bunge ZRt

C.H. Robinson

APPLiA BULGARIA ASSOCIATION (former CECED Bulgaria)

DaimlerChrysler (former Daimler-Benz)

Dentstore SRL

Deroni OOD

Face Consult EOOD

Froneri Bulgaria EOOD

Gazprom Export

Honeywell EOOD

Immofinanz AG

Ital Food Industry

ITS

JBT Corporation

Karsan Otomotiv Sanayii ve Tic. A.S.

Kronospan Bulgaria EOOD

LUKOIL Europe Holding B.V.

MAN SE

Mayoral Balgaria EOOD

Merck Bulgaria EAD

METRO Cash & Carry Bulgaria EOOD

Mid Europa Partners Limited

National Hockey League

NEPI Investment Management SRL

Nikon

OMV Bulgaria OOD

OnProcess Technology Inc

Panasonic Marketing Europe GmbH

Pharmastore Invest OOD

PPF a.s.

Ravago S.A

Reed Elsevier Group PLC

S.C. Star Foods E.M. S.R.L.

Snap Inc.

The Body Shop International Plc

The Clorox Company

TI Sparkle Bulgaria EOOD

TRG Management LP

VISA Europe

WorldQuant

Healthcare and life sciences Tier 1

Djingov, Gouginski, Kyutchukov & Velichkov advises major pharmaceutical companies, including Aspen, Merck & Co., and Astellas Pharma Europe, on their activity in Bulgaria. Practice head Kalina Tchakarova has expertise in reimbursement procedures through the National Health Insurance Fund, distribution agreements, advertising restrictions and IP and patent issues. Anton Petrov focuses on the regulation of clinical trials and the development of medical devices. The firm also acts in contentious matters, having represented pharmaceutical companies before the Commission for the Protection of Competition and defended patents and intellectual property.

Practice head(s):

Kalina Tchakarova

Key clients

Abbott Laboratories Europe

Abbott Laboratories S.A. (TRO)

AbbVie EOOD

AbbVie Inc.

ACIBADEM CITY CLINIC EAD (former TOKUSHUKAI SOFIA EOOD)

Actavis EAD

Akros Pharma Inc.

Alcon Bulgaria EOOD

ALVOGEN EMERGING MARKETS HOLDINGS LIMITED

Amway

Amylum Bulgaria

Artevos GmbH

Aspen Pharma Ireland Limited (former Aspen Europe GmbH)

Aspen Pharmacare Holdings Limited

ASTELLAS PHARMA EOOD

Astellas Pharma Europe Ltd.

Baxalta Incorporated

Baxter International Inc.

Beiersdorf AG

Bella Bulgaria AD

Berlin-Chemie AG

BIO FRESH OOD

Bunge Romania S.R.L

Bunge ZRt

Cardinal Health

Cargill Bulgaria EOOD

Centogene AG

Ceridian HCM, Inc.

ClinTec International Ltd.

Coca-Cola Enterprises

Covance

Covance Clinical and Periapproval Services Limited

Deroni OOD

Domain Menada Distribution ЕООD ( former BELVEDERE DISTRIBUTION EOOD)

Dow Deutschland Inc.

EU Pharmacia Bulgaria

Fabrika za mlechni produkti AD

Farmak JSC

Fater (JV owned by Procter & Gamble and Angelini Group)

Froneri Bulgaria EOOD

General Electric Healthcare

Gradus – 1 OOD

GrowGreen Europe

Insmed

Ital Food Industry

Ionis Pharmaceuticals

J.S. Hamilton Poland S.A.

Kaliakra AD

Laboratoires Théa

Laboratory Corporation of America Holdings (LabCorp)

Les Laboratoires Servier

Malteries Soufflet Bulgaria

Marie Brizard Wine & Spirits SA ( former Belvedere S.A.)

Medical Centre Synexus Sofia

Medilab

Menada Vineyards

Merck Bulgaria

Merit Medical, Regeneron

METRO Cash & Carry Bulgaria

Monsanto International – Bulgaria Branch

MSD Animal Health

Mundipharma GmbH

Mylan

Nuseed Europe Ltd.

Pet Centar D.O.O.

Pharmascience

Pharmastore Invest OOD

Premier Research Germany Limited Representative office

Provitech Solutions ЕООD (former Provident Funding)

Red Bull GmbH

Regeneron

Risoil BV

Risoil Overseas Ltd.

S.C. Star Foods E.M. S.R.L.

Sakar Vineyards EOOD

Samsung Bioepis

Schreiber Foods Bulgaria

SEEDS OIL GRAIN Ltd

Shire Central & Eastern Europe GmbH

Shire plc

Soufflet Groupe

The Body Shop International Plc

VisLab S.r.l.

Z-Labs EOOD

ZOLL Circulation

Intellectual property Tier 1

Djingov, Gouginski, Kyutchukov & Velichkov’s intellectual property team advises on trade mark protection and enforcement - it acts for clients in disputes over trade mark infringements and before the Bulgaria Patent Office. The team is also engaged in enforcement proceedings against counterfeit goods, and is active in the protection of intellectual property rights in software licensing arrangements and IT acquisitions. The team is led by Kalina Tchakarova, supported by senior associates Dessislava Iordanova and Kamen Gogov, a certified trade mark and design attorney. Associate Patricia Cherkezova has a doctorate in EU intellectual property law and advises principally on cross-border transfers of copyrights and IP rights.  

Practice head(s):

Kalina Tchakarova

Testimonials

‘Business-oriented and agile. Excellent professionals and advisors.’

Key clients

Sony Interactive Entertainment Europe

British American Tobacco Trading EOOD

Karelia Tobacco Company Inc.

Peak Apparel Holdings, Inc.

Carlsberg Breweries A/S

Cactus S.A.

Karo Pharma Aktiebolag

Consortium Deutscher Baumschulen GmbH

Hyland Software

Delfortgroup AG

AbbVie EOOD

Aspen Pharmacare Holdings Limited

Avia International

Berlin-Chemie AG

Carlsberg Bulgaria

Celgene Europe Ltd

Club CIO Bulgaria

Colian sp. z. o.o.

CrossFit, Inc.

Dais Software

DeTeMedien Deutsche Telekom Medien GmbH

Economedia AD

EMP Invest Bulgaria AD (Empower Capital Fund)

Facebook, Inc.

Fater (JV owned by Procter & Gamble and Angelini Group)

Froneri Bulgaria EOOD

Grapa Company Ltd

Halcor Metal Works S.A.

House of Monatic

Instagram, LLC

Instrade EOOD

Ionis Pharmaceuticals, Inc.

Ital Food Industry

Kaliakra AD

Kwiat Enterprises, LLC

LABERION sh.p.k.

LivOn Laboratories, Inc.

My TV.BG EOOD

Orange Brand Services Limited

OTTO (GmbH & Co KG)

Papoutsanis S.A.

PPF a.s.

Prekiu zenklu valdymas, UAB

Q Vent

Red Bull GmbH

Rigo Trading S.A.

Sasol (USA) Corporation

Sazerac Brands, LLC

Skechers U.S.A. Inc. II

SOLEN Cikolata Gida Sanayi ve Ticaret Anonim Sirketi

The Travelers Indemnity Company

Transport for London

Truma Geraetetechnik GmbH & Co. KG

Universal 1440 Entertainment LLC

Universal Pictures International Limited

US Pharmacia International, Inc.

Wenger S.A.

WIZZ Air Hungary Kft.

Egmont Bulgaria

Projects and PPP Tier 1

The projects and PPP team at Djingov, Gouginski, Kyutchukov & Velichkov has advised on some of the largest public infrastructure projects in the country, including railway construction, manufacture of rolling stock, and airport construction and operation. The firm also has experience in PPPs outside of the infrastructure sector - it advised the state-owned fund manager on participation in open tender procedures at the European level, and advised the military contractor Patria Land Oy in a bid to supply armoured vehicles. The team, jointly led by Milan Pandev, Stephan Kyutchukov, and Nikolai Gouginski, has also acted on high-value mandates for private clients in the real estate and energy sectors. Anton Krustev and Kaloyan Krumov are experienced in public procurement, and real estate issues, respectively.

Practice head(s):

Milan Pandev; Stephan Kyutchukov; Nikolai Gouginski

Key clients

Abalta Technologies EOOD

Abbaty AD

AbbVie EOOD

Accentive Management Ltd.

Agrotechservice EOOD

Alstom Transport

Andor Technology Ltd.

AP Investments AD

BDC EOOD

Belfry PE Ltd

BULGARIAN REAL ESTATE FUND Inc.

Cleantech Bulgaria

Chrono OOD

Construcciones y Auxiliar de Ferrocarriles, S.A. (CAF SA)

ERG Insaat Ticaret ve Sanayi AS

Eurolease Auto EAD

European Bank for Reconstruction and Development (EBRD)

Fund Manager of Financial instruments in Bulgaria EAD

Gazprom Marketing & Trading Limited

GE Renewable Energy – Hydro

General Electric Healthcare

Intersel Bulgaria EOOD

International Currency Exchange EOOD

ITS

JBT Corporation

Nexter Systems

REGIONAL URBAN DEVELOPMENT FUND AD (RUDF)

Siemens AG

Real estate and construction Tier 1

Djingov, Gouginski, Kyutchukov & Velichkov’s real estate and construction practice assists major property developers with financing, acquisition of real estate, transactional security arrangements, and long-term lease arrangements.  On the construction side, the firm assists international clients with redrafting FIDIC-based contracts to comply with the Bulgarian legal framework, and acts for clients in disputes with contractors and municipal authorities in zoning and restitution issues. The ‘outstanding’ Stephan Kyutchukov leads the team, while Kaloyan Krumov (who specialises in financing) and Nikolina Stefanova (who focuses on construction) are also key lawyers.

Practice head(s):

Stephan Kyutchukov

Testimonials

‘They have knowledge and experience no other firm has. They are able to identify important risks and to propose practical working solutions.’

‘The team is very proactive and has a unique approach: through extensive research they can offer outside-the-box solutions.’

‘They are professional and experienced. We rely on their legal support and advice.’

Key clients

Abalta Technologies EOOD

AbbVie EOOD

Accentive Management Ltd.

ACIBADEM CITY CLINIC EAD

AGRIMATCO BULGARIA EOOD

Agrotechservice EOOD

AP Investments AD

Auto Kelly a.s.

BDC EOOD

Biomachinostroene AD

Bridge Capital

BSR Sofia AD Edmond De Rothschild Private Equity Management Ltd.)

BULGARIAN REAL ESTATE FUND Inc.

Bunge Romania S.R.L

C.H. Robinson

C3/CustomerContactChannels, Inc

CallPoint New Europe AD (Telus International Europe)

Cargotec Oyj

Corio N.V.

DOHLE Trading Group Holding LLC & Co. LP

EMP Invest Bulgaria AD (Empower Capital Fund)

ERG Insaat Ticaret ve Sanayi AS

Global Resource Ltd

GTC

Hilton Hotels

K&K -LTD LTD

Karsch Venture Capital

Kharis Capital Advisory Belgium

Landmark Holding AD

Lempriere Australia PTY Ltd

Lion`s Head Investments AD

Luben Limited

ERG Insaat Ticaret ve Sanayi AS

Froneri Bulgaria EOOD

Michael Kalderon

Mid Europa Partners Limited

NEPI Investment Management SRL

Oman Investment Fund (OIF)

OMV Bulgaria OOD

OTP Bank Ltd.

P.D. Investments

Pillarstone Europe LLP

PPF a.s.

RAMOT LTD

S & K Development Ltd.

Soufflet Groupe

Spectrum Brands Inc

Stromunion AG

Tengelmann Warenhandelsgesellschaft KG

The Body Shop International Plc

Viridian Offices OOD

VMware, Inc.

TMT Tier 1

Djingov, Gouginski, Kyutchukov & Velichkov’s TMT practice spans the full range of expertise – the regulatory aspects of large-scale mergers, licensing and permissions, data privacy and security. It also advises on copyright, content distribution arrangements, and electronic communications. The practice counts global telecoms and media companies among its clients, advising on additional areas such as IP protection, competition and employment law.  Violetta Kunze, who also heads the firm’s corporate and commercial practice, leads the team, while Omourtag Petkov has expertise in the growing business of IT outsourcing. Senior associate Milka Ivanova is another name to note.

Practice head(s):

Violetta Kunze

Testimonials

‘We work together with Violetta Kunze and Milka Ivanova. Both Violetta and Milka are excellent experts in telecommunications law matters who provide impeccable advice. Violetta’s contacts with the local regulator ensure that it is possible for our client’s to receive commercial and reliable advice even where novel services are concerned.’

Key clients

P.P.F. a.s.

SAP

Nokia Corporation

Facebook Inc.

Instagram, LLC

Snap Inc.

Spotify AB

Colt Technology Services Group Limited

Viessmann Werke GmbH & Co KG

Inditex

News Corp UK & Ireland Limited  

CBS Corporation

Ingenious Media

Tata Communications

HipStream EOOD

My TV.BG EOOD

OMV Bulgaria OOD

AT&T EMEA

The Wikimedia Foundation, Inc

Booking.com

VisLab S.r.l.

Accenture (UK) Limited

Hewlett Packard Enterprise

Telus International

Panasonic Marketing Europe GmbH

VMware, Inc.

Abalta Technologies EOOD

Transport (including shipping) Tier 2

Djingov, Gouginski, Kyutchukov & Velichkov’s wide-ranging practice handles major infrastructural projects, advising participants in high-value public tender procedures for railway, airport, and road construction projects. On the transport services side, the firm’s client base includes vehicle manufacturers, airline operators, and shipping firms. It is also highly experienced in competition compliance, environmental regulation, litigation, contract amendment, distribution agreements, and financing. Zdravka Ugrinova and Milan Pandev jointly lead the team; they also head the firm’s corporate practice, and the energy practice, respectively.

Practice head(s):

Zdravka Ugrinova; Milan Pandev

Testimonials

‘The advice was simply right, in a rather complicated matter.’

Key clients

ERG Insaat Ticaret ve Sanayi AS

Ryanair DAC

Turkish Airlines

Daimler Chrysler AG

Wizz Air Hungary Kft

ASL AIRLINES BELGIUM S.A.

MAN SE, MAN Truck & Bus AG and MAN Truck & Bus Deutschland GmbH

Skoda Auto

Toto Costruzioni Generali S.p.a.

Cargotec Oyj

Construcciones y Auxiliar de Ferrocarriles, S.A. (CAF SA)

The Export Import Bank of China (CEXIM)

Zim Israel Navigation Company Ltd.

Sojitz Corporation of America

JMAC Air, LLC

Karsan Otomotiv Sanayii ve Tic. A.S.

Patria Land Oy

FORD OTOMOTİV SANAYI A

LKQ Corporation

CK Holdings Co., Ltd.

C.H. Robinson

Alstom Transport SA

ITS Bulgaria

Rail Cargo Austria AG

Ekol Lojistik A.S.

XOP Logistics OOD

The firm: DGKV is one of the largest, oldest, most prominent independent law firms in Bulgaria, known for its solid record of pioneering projects on the Bulgarian market. Founded in 1994, its asset is the unique combination of profound legal knowledge, experience in international transactions and ability to handle large-scale transactions. With 15 partners and over 55 lawyers, DGKV has resources to assemble the right team to address the most complicated matters. Its ever-growing portfolio of over 4,000 multinational clients is a fair attestation of its high-quality legal services.

Areas of practice: M&A: DGKV has a reputation for advising the largest M&A in Bulgaria and significant global transactions in relation to their Bulgarian law aspects. The firm has advised: the biggest M&A deal for 2018 in Bulgaria – the EUR 810m acquisition of the Bulgarian assets of Telenor; the biggest deal in 2017 – the EUR 252.9m acquisition of Paradise Center shopping center in Sofia; CK Holdings Co. Ltd. in relation to the USD 7.1bn sale of Fiat Chrysler’s Magneti Marelli to Japan’s Calsonic Kansei; KKR on the Bulgarian aspects of the acquisition of the margarine and spreads business of Unilever. Other key clients: Equinix, Fairfax Financial Holdings, GTC, Mitsui & Co. Ltd., Call Point New Europe, Dell, etc.

Banking and finance: DGKV focuses on secured transactions, corporate finance, public finance and regulation of financial and investment services. DGKV consulted IFC, AIG, CAIB, MKB and State General Reserve Fund of Oman for the acquisition of shares in major Bulgarian banks; OTP and DSK Bank, the World Bank, EBRD, JBIC, BSTDB, Deutsche Bank, EIB, Procredit Bank, GTC Group on financing of various infrastructure, construction and financial projects in Bulgaria, etc.

Energy and utilities: DGKV provides full-scope legal assistance to clients interested in investing or otherwise engaged in the energy sector in Bulgaria. The firm has advised ABB, AES, the Bulgarian Government, Citibank and US Exim Bank, ContourGlobal, EBRD, GE Power & Water, Marubeni, RWE Power; EZ, Chevron and Lukoil regularly on local operations; Gazprom Marketing & Trading, J.P. Morgan Energy Europe, Merrill Lynch, OMV Trading and Vitol on energy trading matters; China Development Bank, SINOSURE, Credit Suisse, Gamesa, Mitsui&Co, Raiffeisen, Statkraft, Toshiba, Verbund in numerous renewable energy projects; and Gazprom and MOL on gas pipeline projects.

Competition: with a strong competition practice, DGKV has made a significant contribution to the Bulgarian Commission for Protection of Competition. It’s advised Aurubis, Bunge, MasterCard Europe on competition regulatory issues; Aurubis, Metro Cash and Carry, Nokia, KBC, Devnya Cement, Visa Europe, Coca Cola in relation to antitrust investigations by the regulator and other antitrust matters.

Real estate: DGKV has a strong reputation in the real estate market, advising the acquisitions of: the most expensive real estate in Bulgaria – the EUR 252.9m Paradise Center; NIS Petrol and OMV; numerous operating mall acquisitions; land acquisition and construction and/or acquisition of residential, office, retail and mixed-use developments; large-scale commercial real estate financings. Other recent projects include: Equinix on site acquisition for the establishment of its second data centre in Bulgaria and VMware on the largest office lease deal in Bulgaria in the last 10 years.

TMT: DGKV offers a ‘one-stop shop’ for technology companies with operations in Bulgaria. It represents Google on a regular basis in relation to legal issues associated with online services and customers support in Bulgaria; Deutsche Telekom; Facebook LLC; Instagram LLC; Univeral 1440 Entertainment LLC; Telecom Italia; Tata Communications; Swisscom; PCCW Global; VOXBONE; Progress Software, etc.

Litigation and arbitration: with an outstanding dispute resolution track record DGKV’s litigation team is one of the best in Bulgaria. DGKV represents clients in the commercial, construction, financial or administrative fields. Currently it represents Bulgarian Acquisition Company II, CEZ Electro Bulgaria, Financial Supervision Commission, Glorient Investment BG, SE Bordnetze, etc. For the last year the DGKV could boast with an impressive successful track record in major court cases with very high success rate, including commercial and administrative litigation, and international arbitration with total value of more than EUR 737m.

Intellectual property: Google Inc., Facebook Inc., Instagram LLC, Warner Bros., Teva Pharmaceuticals Europe BV (confidential), Carlsberg Bulgaria, Pierre Fabre Dermo-Cosmetique S.A., Deutsche Telekom AG, Tchibo GmbH, Cargill Inc., Marie Brizard Wine and Spirits Distribution Bulgaria EOOD, Guess Inc are among our IP clients.

Labour and social security: DGKV’s employment team excels as one of the few stand-alone employment law practices on the Bulgarian market. Its employment lawyers are heavily involved in providing legal field specific knowledge to clients with a view to optimizing every aspect of their operations in Bulgaria and strives to ensure their specific employment needs are met in an ever-changing business world. Major clients are Yazaki Corporation, Turkish Airlines, Ryanair, Volkswagen, Coca Cola, AES Maritza East I, Takeaway.com, ABB Bulgaria, Grohe Adria, etc.

Department Name Email Telephone
M&A Zdravka Ugrinova
M&A Violetta Kunze
General corporate Assen Djingov
General corporate Zdravka Ugrinova
Banking and finance Nikolai Gouginski
Banking and finance Georgi Tzvetkov
Energy and utilities Georgi Gouginski
Energy and utilities Milan Pandev
Competition Nikolai Gouginski
Real estate and construction Stephan Kyutchukov
Project finance and capital markets Nikolai Gouginski
Project finance and capital markets Georgi Tzvetkov
TMT Violetta Kunze
TMT Kalina Tchakarova
Intellectual property Kalina Tchakarova
Litigation and arbitration Angel Ganev
Tax Viara Todorova
Labour and social security Kalina Tchakarova
Labour and social security Youliana Naoumova
Photo Name Position Profile
Ms Lora Aleksandrova  photo Ms Lora Aleksandrova

Associate

Ms Eliza Alexandrova  photo Ms Eliza Alexandrova

Associate

Ms Rusalena Anglelova  photo Ms Rusalena Anglelova

Senior Associate

Mr Peter Angov  photo Mr Peter Angov

Associate

Mr Vladislav Antonov  photo Mr Vladislav Antonov

Senior Associate

Ms Silviya Apostolova  photo Ms Silviya Apostolova

Senior Associate

Mr Valery Blagoev  photo Mr Valery Blagoev

Associate

Ms Lena Borislavova  photo Ms Lena Borislavova

Associate

Mr Kamen Gogov  photo Mr Kamen Gogov

Senior Associate

Mr Nikolai Gouginski  photo Mr Nikolai Gouginski

Partner, working in the competition law, EU and regulatory, project finance, secured lending, foreign direct investment, private international law, international trade, mergers and acquisitions practice areas.

Mr Hristiyan Ivanov  photo Mr Hristiyan Ivanov

Associate

Ms Milka Ivanova  photo Ms Milka Ivanova

Senior Associate

Ms Dessislava Ivanova  photo Ms Dessislava Ivanova

Associate

Ms Lilia Kisseva  photo Ms Lilia Kisseva

Senior Associate

Mr Kaloyan Krumov  photo Mr Kaloyan Krumov

Senior Associate

Mr Nikola Minchev  photo Mr Nikola Minchev

Senior Associate

Ms Gergana Monovska  photo Ms Gergana Monovska

Senior Associate

Mr Omourtag Petkov  photo Mr Omourtag Petkov

Partner, working in the general corporate law, commercial law, M&A, infrastructure, concessions, public procurement, private equity deals and contract law practice areas.

Dr Anton Petrov  photo Dr Anton Petrov

Senior Associate

Mr Ivan Punev  photo Mr Ivan Punev

Senior Associate

Ms Elena Shopova  photo Ms Elena Shopova

Associate

Mr Hristo Stoyanov  photo Mr Hristo Stoyanov

Associate

Ms Kalina Tchakarova  photo Ms Kalina Tchakarova

Partner, working in the IP, labour and social security, corporate, pharmaceutical law, and M&A practice areas.

Number of lawyers : 55
English
French
German
Russian
Contacts : Assen Djingov
Contacts : Marius Velichkov
Other offices : Berlin